Smart Polymers Market
PUBLISHED: 2022 ID: SMRC21592
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Smart Polymers Market

Smart Polymers Market Forecasts to 2028 – Global Analysis By Structure Type (Chemical, Physiological), Application (Waste Treatment, Medical Devices), End User, and By Geography

4.4 (26 reviews)
4.4 (26 reviews)
Published: 2022 ID: SMRC21592

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2021)

US $1,700.35 MN

Projected Year Value (2028)

US $6057.21 MN

CAGR (2021 - 2028)

19.9%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Fastest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Smart Polymers Market is accounted for $1,700.35 million in 2021 and is expected to reach $6057.21 million by 2028 growing at a CAGR of 19.9% during the forecast period. Smart polymers are also known as environment-sensitive polymers as it responds to every slight change in the environment. Smart polymers are chemically formulated to sense a particular change in the environment in biological systems such as temperature, magnetic, pH, dual-stimuli, light intensity, etc.



Market Dynamics:

Driver:

Increasing demand for advanced packaging materials


Demand for advanced packaging materials has been expanding significantly over the last few years, as these materials offer several advantages over traditional packaging materials. These advantages include moisture control and oxygen scavenging. Growth in the utilization of advanced packaging materials can be ascribed to changes in consumer habits, the introduction of new quality and safety requirements, and the implementation of new regulations in the food supply chain.

Restraint:

 High cost


High cost related to the improvement of smart polymers is another factor projected to hamper demand. The development of the polymers and the technology involved is cost-intensive and are considered the major challenge for the overall growth of the smart polymers industry. The smart polymers that possess higher molecular weight are difficult to be tested in clinical trials and this has restricted their adoption in the key applications or get it approval. This factor is restraining the overall growth of the smart polymers industry.

Opportunity:

Rising demand for the automotive industry


The increasing demand for automotive vehicles has been rising fundamentally. Demand for automotive vehicles is likely to witness the same trend. The growth of the automobile sector can be ascribed to strong economic growth and a rise in purchasing power of consumers. Demand for smart polymers is directly connected to automobiles, as smart polymers are utilized in many applications in the automotive industry, ranging from reconfigurable storage bins, seat assemblies, energy-absorbing assemblies, hood assemblies, and vehicles structures to airflow control systems, releasable fastener systems, and adaptive lens assemblies. Thus, a rise in demand for two or four-wheeled vehicles is anticipated to fuel the smart polymers market across the globe.

Threat:

 Health hazards associated with smart polymers


Health hazards that are related to smart polymers are likely to restrain the market growth during the forecast period. Health hazards include gastrointestinal upset, coughing, skin flushing, and kidney damage. Other drawbacks related to smart polymers such as thermosensitive polymers include low mechanical strength of the gel leading to potential dose-dumping, high burst drug release, lack of biocompatibility of the polymeric system, and gradual lowering of pH of the system because of acidic degradation.

The biomedical & biotechnology segment is expected to be the largest during the forecast period

The biomedical & biotechnology segment is estimated to have a lucrative growth owing to the increasing utilization of smart polymers for the production of biocatalysts and the rising requirement for highly efficient polymers for the manufacture of effective drug delivery systems and phase separation processes. The polymer attached to the enzyme changes its conformation to protect the enzyme from the external environment and regulate the enzyme activity, thus acting as a molecular switch in the presence of external stimuli.

The shape memory polymer segment is expected to have the highest CAGR during the forecast period

The shape memory polymer segment is anticipated to witness the fastest CAGR growth during the forecast period due to its ability to control the original position even after the deformation position. Shape memory polymers have the dual-shape capability; it changes their shape in a predefined way when exposed to the stimulus.

Region with highest share:

North America is projected to hold the largest market share during the forecast period due to the rise in requirement for efficient & economical drug delivery systems, increasing demand in applications for camouflage & light-sensitive fabrics handling coupled with the rising healthcare sector. An increase in research activities is supposed to introduce the new application areas for smart polymers, which in turn provides growth opportunities to the industry players in this region.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period owing to increasing investment in research and development activities for the development of effective and improved smart polymers. The rapid industrialization of the main product end-users primarily automotive, textile, and electrical & electronics sectors is another factor driving the market growth.



Key players in the market

Some of the key players profiled in the Smart Polymers Market include Evonik Industries AG, Covestro AG, The Lubrizol Corporation, Huntsman International LLC, Spintech LLC, Akzo Nobel N.V., FMC Corporation, SABIC, Nissan Chemical Industries Ltd, Merck KGaA, Solvay SA, Croda International plc., The DOW Chemical Company, Clariant AG, BASF SE, SMP Technologies Inc. and NEI Corporation. 

Key Developments:

In July 2021, Evonik Industries AG has announced that construction work on the new polyamide 12 complex at Marl Chemical Park is virtually complete and it will be taken into operation this year. The high-performance polymer polyamide 12 is used in growth markets such as 3D printing, medical technology, automotive engineering, and as a substitute for steel.

In November 2018, Covestro AG announced that it had started to build a new manufacturing line for polycarbonate films at Map Ta Phut Industrial Estate, Thailand. The new capacity is expected to enable the company to cater to the rapid rise in demand for polycarbonate films in Asia Pacific and consolidate its position as a market leader.
 
Structure Types Covered:
• Chemical Structure
• Physiological Structure
 
Stimulus Types Covered:
• Physical Stimuli Responsive Polymers
• Chemical Stimuli Responsive Polymers (Potential Hydrogen (pH))
• Biological Stimuli Responsive Polymers
• Polymers of Natural Origin
• Magnetic-Sensitive Smart Polymers
• Light-Sensitive Smart Polymers
• Phase-Sensitive Smart Polymers
 
Applications Covered:
• Waste Treatment
• Tissue Engineering
• Stimuli-Responsive Surface
• Reversible Biocatalyst
• Protein Folding
• Optical Data Storage
• Medical Devices
• Bioseparation
• Smart Drug Delivery Systems
• Radiation Detection
 
Distribution Channels Covered:
• Offline
• Online
 
End Users Covered:

• Textiles
• Energy & Power
• Automotive
• Electrical & Electronics
• Biomedical & Biotechnology
• Nuclear Energy
• Healthcare
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary            
              
2 Preface    
         
 2.1 Abstract            
 2.2 Stake Holders           
 2.3 Research Scope           
 2.4 Research Methodology          
  2.4.1 Data Mining          
  2.4.2 Data Analysis          
  2.4.3 Data Validation          
  2.4.4 Research Approach          
 2.5 Research Sources           
  2.5.1 Primary Research Sources         
  2.5.2 Secondary Research Sources         
  2.5.3 Assumptions          
              
3 Market Trend Analysis           
 3.1 Introduction           
 3.2 Drivers            
 3.3 Restraints           
 3.4 Opportunities            
 3.5 Threats            
 3.6 Application Analysis          
 3.7 End User Analysis           
 3.8 Emerging Markets           
 3.9 Impact of Covid-19           
              
4 Porters Five Force Analysis           
 4.1 Bargaining power of suppliers          
 4.2 Bargaining power of buyers          
 4.3 Threat of substitutes          
 4.4 Threat of new entrants          
 4.5 Competitive rivalry           
              
5 Global Smart Polymers Market, By Structure Type          
 5.1 Introduction           
 5.2 Chemical Structure           
 5.3 Physiological Structure          
              
6 Global Smart Polymers Market, By Stimulus Type         
 6.1 Introduction           
 6.2 Physical Stimuli Responsive Polymers         
  6.2.1 Thermo-Responsive Polymers         
  6.2.2 Shape Memory Polymer         
  6.2.3 Pressure-Responsive Polymers        
  6.2.4 Electroactive & Magnetically-Responsive Polymers       
  6.2.5 Photo-Responsive Polymers         
 6.3 Chemical Stimuli Responsive Polymers (Potential Hydrogen (pH))      
 6.4 Biological Stimuli Responsive Polymers         
  6.4.1 Double & Multi Stimuli Responsive Polymers        
  6.4.2 Enzymes-Responsive Polymers        
  6.4.3 Self-Healing Polymers         
 6.5 Polymers of Natural Origin           
 6.6 Magnetic-Sensitive Smart Polymers         
 6.7 Light-Sensitive Smart Polymers          
 6.8 Phase-Sensitive Smart Polymers         
              
7 Global Smart Polymers Market, By Application         
 7.1 Introduction           
 7.2 Waste Treatment            
 7.3 Tissue Engineering            
 7.4 Stimuli-Responsive Surface          
 7.5 Reversible Biocatalyst          
 7.6 Protein Folding           
 7.7 Optical Data Storage           
 7.8 Medical Devices            
 7.9 Bioseparation           
 7.10 Smart Drug Delivery Systems          
 7.11 Radiation Detection           
              
8 Global Smart Polymers Market, By Distribution Channel        
 8.1 Introduction           
 8.2 Offline            
 8.3 Online            
              
9 Global Smart Polymers Market, By End User         
 9.1 Introduction           
 9.2 Textiles            
 9.3 Energy & Power           
 9.4 Automotive           
  9.4.1 Light Commercial Vehicles (LCVs)        
  9.4.2 Heavy Commercial Vehicles (HCVs)        
  9.4.3 Passenger Cars          
 9.5 Electrical & Electronics          
 9.6 Biomedical & Biotechnology          
 9.7 Nuclear Energy           
 9.8 Healthcare            
 9.9 Other End Users           
  9.9.1 Footwear           
  9.9.2 Consumer Goods          
  9.9.3 Aerospace & Defense         
  9.9.4 Food Packaging          
              
10 Global Smart Polymers Market, By Geography          
 10.1 Introduction           
 10.2 North America           
  10.2.1 US           
  10.2.2 Canada           
  10.2.3 Mexico           
 10.3 Europe            
  10.3.1 Germany           
  10.3.2 UK           
  10.3.3 Italy           
  10.3.4 France           
  10.3.5 Spain           
  10.3.6 Rest of Europe          
 10.4 Asia Pacific           
  10.4.1 Japan           
  10.4.2 China           
  10.4.3 India           
  10.4.4 Australia           
  10.4.5 New Zealand           
  10.4.6 South Korea          
  10.4.7 Rest of Asia Pacific          
 10.5 South America           
  10.5.1 Argentina          
  10.5.2 Brazil           
  10.5.3 Chile           
  10.5.4 Rest of South America         
 10.6 Middle East & Africa          
  10.6.1 Saudi Arabia          
  10.6.2 UAE           
  10.6.3 Qatar           
  10.6.4 South Africa          
  10.6.5 Rest of Middle East & Africa         
              
11 Key Developments            
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 11.2 Acquisitions & Mergers          
 11.3 New Product Launch          
 11.4 Expansions           
 11.5 Other Key Strategies          
              
12 Company Profiling            
 12.1 Evonik Industries AG          
 12.2 Covestro AG           
 12.3 The Lubrizol Corporation          
 12.4 Huntsman International LLC            
 12.5 Spintech LLC            
 12.6 Akzo Nobel N.V.             
 12.7 FMC Corporation            
 12.8 SABIC             
 12.9 Nissan Chemical Industries Ltd         
 12.10 Merck KGaA            
 12.11 Solvay SA            
 12.12 Croda International plc.          
 12.13 The DOW Chemical Company          
 12.14 Clariant AG           
 12.15 BASF SE            
 12.16 SMP Technologies Inc.           
 12.17 NEI Corporation           


List of Tables             
1 Global Smart Polymers Market Outlook, By Region (2020-2028) ($MN)       
2 Global Smart Polymers Market Outlook, By Structure Type (2020-2028) ($MN)      
3 Global Smart Polymers Market Outlook, By Chemical Structure (2020-2028) ($MN)      
4 Global Smart Polymers Market Outlook, By Physiological Structure (2020-2028) ($MN)     
5 Global Smart Polymers Market Outlook, By Stimulus Type (2020-2028) ($MN)      
6 Global Smart Polymers Market Outlook, By Physical Stimuli Responsive Polymers (2020-2028) ($MN)    
7 Global Smart Polymers Market Outlook, By Thermo-Responsive Polymers (2020-2028) ($MN)     
8 Global Smart Polymers Market Outlook, By Shape Memory Polymer (2020-2028) ($MN)     
9 Global Smart Polymers Market Outlook, By Pressure-Responsive Polymers (2020-2028) ($MN)    
10 Global Smart Polymers Market Outlook, By Electroactive & Magnetically-Responsive Polymers (2020-2028) ($MN)   
11 Global Smart Polymers Market Outlook, By Photo-Responsive Polymers (2020-2028) ($MN)     
12 Global Smart Polymers Market Outlook, By Chemical Stimuli Responsive Polymers (Potential Hydrogen (pH)) (2020-2028) ($MN) 
13 Global Smart Polymers Market Outlook, By Biological Stimuli Responsive Polymers (2020-2028) ($MN)    
14 Global Smart Polymers Market Outlook, By Double & Multi Stimuli Responsive Polymers (2020-2028) ($MN)   
15 Global Smart Polymers Market Outlook, By Enzymes-Responsive Polymers (2020-2028) ($MN)    
16 Global Smart Polymers Market Outlook, By Self-Healing Polymers (2020-2028) ($MN)     
17 Global Smart Polymers Market Outlook, By Polymers of Natural Origin (2020-2028) ($MN)     
18 Global Smart Polymers Market Outlook, By Magnetic-Sensitive Smart Polymers (2020-2028) ($MN)    
19 Global Smart Polymers Market Outlook, By Light-Sensitive Smart Polymers (2020-2028) ($MN)    
20 Global Smart Polymers Market Outlook, By Phase-Sensitive Smart Polymers (2020-2028) ($MN)    
21 Global Smart Polymers Market Outlook, By Application (2020-2028) ($MN)      
22 Global Smart Polymers Market Outlook, By Waste Treatment (2020-2028) ($MN)      
23 Global Smart Polymers Market Outlook, By Tissue Engineering (2020-2028) ($MN)      
24 Global Smart Polymers Market Outlook, By Stimuli-Responsive Surface (2020-2028) ($MN)     
25 Global Smart Polymers Market Outlook, By Reversible Biocatalyst (2020-2028) ($MN)     
26 Global Smart Polymers Market Outlook, By Protein Folding (2020-2028) ($MN)      
27 Global Smart Polymers Market Outlook, By Optical Data Storage (2020-2028) ($MN)      
28 Global Smart Polymers Market Outlook, By Medical Devices (2020-2028) ($MN)      
29 Global Smart Polymers Market Outlook, By Bioseparation (2020-2028) ($MN)      
30 Global Smart Polymers Market Outlook, By Smart Drug Delivery Systems (2020-2028) ($MN)     
31 Global Smart Polymers Market Outlook, By Radiation Detection (2020-2028) ($MN)      
32 Global Smart Polymers Market Outlook, By Distribution Channel (2020-2028) ($MN)     
33 Global Smart Polymers Market Outlook, By Offline (2020-2028) ($MN)       
34 Global Smart Polymers Market Outlook, By Online (2020-2028) ($MN)       
35 Global Smart Polymers Market Outlook, By End User (2020-2028) ($MN)       
36 Global Smart Polymers Market Outlook, By Textiles (2020-2028) ($MN)       
37 Global Smart Polymers Market Outlook, By Energy & Power (2020-2028) ($MN)      
38 Global Smart Polymers Market Outlook, By Automotive (2020-2028) ($MN)      
39 Global Smart Polymers Market Outlook, By Light Commercial Vehicles (LCVs) (2020-2028) ($MN)    
40 Global Smart Polymers Market Outlook, By Heavy Commercial Vehicles (HCVs) (2020-2028) ($MN)    
41 Global Smart Polymers Market Outlook, By Passenger Cars (2020-2028) ($MN)      
42 Global Smart Polymers Market Outlook, By Electrical & Electronics (2020-2028) ($MN)     
43 Global Smart Polymers Market Outlook, By Biomedical & Biotechnology (2020-2028) ($MN)     
44 Global Smart Polymers Market Outlook, By Nuclear Energy (2020-2028) ($MN)      
45 Global Smart Polymers Market Outlook, By Healthcare (2020-2028) ($MN)      
46 Global Smart Polymers Market Outlook, By Other End Users (2020-2028) ($MN)      
47 Global Smart Polymers Market Outlook, By Footwear (2020-2028) ($MN)       
48 Global Smart Polymers Market Outlook, By Consumer Goods (2020-2028) ($MN)      
49 Global Smart Polymers Market Outlook, By Aerospace & Defense (2020-2028) ($MN)     
50 Global Smart Polymers Market Outlook, By Food Packaging (2020-2028) ($MN)      
              
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
              

 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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